Nigerian National Petroleum Corporation

What Nigerian National Petroleum Corporation does

NNPC Limited is Nigeria's national oil company, wholly owned by the Federal Government of Nigeria and incorporated as a private limited company under the Petroleum Industry Act 2021, effective July 19, 2022. It operates across the full energy value chain through 25+ subsidiaries: upstream exploration and production via NNPC E&P Limited (NEPL), Nigeria's largest domestic oil producer at ~12% of national output (~365,000 bpd capacity); midstream gas infrastructure via NNPC Gas Infrastructure Company (NGIC, ~1,990 km of pipelines) and NNPC Gas Marketing Limited (NGML, 516 km); downstream operations via NNPC Trading (440,000+ bpd international crude, 41 million+ litres/day products), NNPC Retail, NNPC RefChem, and NPSC (~5,120 km of pipelines); power generation via NGPIS; and renewables via NNPC New Energy Limited. NNPC holds a 49% stake in Nigeria LNG (NLNG), Africa's largest LNG export facility currently at 22 MTPA and expanding to 30 MTPA with Train 7 (92% complete as of May 2026).

NNPC's revenue model is multi-stream and largely transaction-based: crude oil E&P sales, international and domestic crude and product trading via NNPC Trading's global offices (Nigeria, UK, Dubai, Cayman Islands), gas marketing and pipeline transmission tariffs, power generation sales, downstream petroleum product retail, and dividend income from its NLNG stake. Distribution spans long-term bilateral supply agreements with domestic refiners (notably Dangote Refinery under the naira-for-crude initiative launched October 2024), international crude off-takers, industrial gas customers (power plants, Ajaokuta Steel, cement, fertilizer), and consumer-facing NNPC Retail fuel stations. Major infrastructure projects include the African Atlantic Gas Pipeline (AAGP) — a $25 billion, 6,900 km line to Morocco and Europe (IGA signed July 2026), the AKK and OB3 gas pipelines (94% and 97% complete), UTM FLNG (first LNG ship 2030), and ongoing state refinery rehabilitation partnerships with Chinese firms.

NNPC's 2024 financial results show PAT of N5.4 trillion and operating cash flow of N10.8 trillion. Government revenue contribution rose 21.8% to N19.5 trillion. The company has resumed monthly Federation Account remittances and held its first public earnings call in November 2025, signalling a commercial orientation under PIA reforms. Headcount is 5,001–10,000 across the group. Strategic direction is set by GCEO Bashir Bayo Ojulari under a 'Fit-for-Future' agenda targeting 2 million bpd by 2027 and 3 million bpd by 2030, Net Zero Scope 1 and 2 by 2050, and energy transition investments via NNEL.

Name

Nigerian National Petroleum Corporation

Legal name

NNPC Limited

Website

https://nnpcgroup.com

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

NNPC Limited is Nigeria's state-owned national oil company operating across the full energy value chain — upstream E&P, gas infrastructure, LNG (49% NLNG), trading, refining, and retail — serving domestic refiners, international oil traders, power plants, and Nigerian consumers.

Ownership category

akta.pro rank

Product category

National Oil and Gas Operations

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (21113), Pipeline Transportation of Crude Oil (4861), Pipeline Transportation of Refined Petroleum Products (486910)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923), Pipe Lines (No Natural Gas) (4610), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Crude Oil Pipeline Transportation (EUALADAA)

akta.pro secondary industries

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA), Refined Products Pipeline Terminals & Breakout Storage Operations (TLAGABAJ), Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF), Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

Keywords

• Crude oil production
• Natural gas distribution
• Petroleum refining services
• Pipeline infrastructure operations
• LNG export operations

Headquarters

HQ city

Garki

HQ country

Nigeria

HQ region

Africa

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Crude Oil Exploration and Production: NNPC E&P Limited (NEPL) operates as Nigeria's largest oil producer, accounting for approximately 12% of total national output, with 8 terminals, 43 flowstations, 17 gas plants, and production capacity exceeding 365,000 bpd. Revenue is generated from the sale of crude oil and condensate produced from operated and non-operated joint ventures.
2. Crude Oil and Petroleum Products Trading: NNPC Trading handles both domestic and international crude trading, product trading, and condensate marketing. By end of 2024, the company recorded daily trade volumes of over 440,000 barrels of Nigerian crude oil, over 41 million liters of petroleum products daily, 64.27 TBTU of LNG cargoes, 658 KT of Natural Gas Liquids, and over 145 KT of LPG. Revenue derives from trading margins and arbitrage across international markets.
3. Natural Gas Marketing and Distribution: NNPC Gas Marketing Limited (NGML) markets and distributes natural gas nationally through a 516 km pipeline network, serving commercial, power, and industrial customers. NGML is the largest gas marketing and distribution company in Nigeria, distributing Piped Natural Gas (PNG), Compressed Natural Gas (CNG), and Liquefied Natural Gas (LNG) through strategic partnerships.
4. Gas Transmission Infrastructure: NNPC Gas Infrastructure Company (NGIC) operates over 1,990 km of gas pipelines transporting natural gas nationally and internationally. Revenue is generated through pipeline transmission tariffs charged to shippers (gas producers, power plants, GBIs) using the Nigerian Gas Transportation Network Code framework.
5. Power Generation: NGPIS manages power generation assets including Afam VI, Okpai I & II, and developing projects (Gwagwalada IPP, Maiduguri Emergency Power Plant). Revenue derives from electricity sales to the national grid and captive power agreements. Strategic direction targets 2.605 GW by 2028.
6. Refined Petroleum Products Sales: NNPC Retail Limited operates fuel retail stations across Nigeria. NNPC RefChem Limited manages refinery operations. Revenue from sale of petrol, diesel, aviation fuel, and LPG to domestic consumers through retail stations and bulk supply agreements. NNPC refineries (Port Harcourt, Warri, Kaduna) have combined installed capacity of 445,000 bpd but have historically required rehabilitation.
7. Renewable Energy and Emission Reduction Services: NNPC New Energy Limited (NNEL) engages in investment, production, and sales of renewables and alternative energy solutions (solar, biofuels, green hydrogen, small hydro), as well as GHG emissions reduction services including leak detection, GHG inventory, and energy efficiency projects.
8. Nigerian LNG (NLNG) Shareholder Returns: NNPC holds a 49% equity stake in Nigeria LNG Limited (NLNG), which operates the Bonny LNG facility with current capacity of 22 MTPA, expanding to 30 MTPA with Train 7. Revenue to NNPC derives from dividends and LNG cargo sales from its NLNG share.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels8 records

Core offering

Nigerian National Petroleum Corporation (NNPC Limited) is Nigeria's national oil company, operating across the entire energy value chain from upstream crude oil and gas exploration and production to midstream gas transportation and downstream petroleum product refining and retail distribution. The company produces and sells crude oil and natural gas, operates approximately 5,120 km of downstream pipelines and over 1,990 km of gas transmission pipelines, trades over 440,000 barrels of crude oil and 41 million litres of petroleum products daily through NNPC Trading, and holds a 49% stake in Nigeria LNG, Africa's largest LNG export facility.

Product overview

NNPC Limited operates as a vertically integrated national oil company with subsidiaries spanning the entire energy value chain. The portfolio comprises upstream production entities (NEPL, NUIMS, EnServ, NETCO), gas and power infrastructure (NGIC, NGML, NGPIS), downstream operations (NNPC Trading, NPSC), and non-energy ventures (NNEL, RTI, Academy, HMO, Properties, Foundation). Major infrastructure projects include the African Atlantic Gas Pipeline, UTM FLNG, AKK Gas Pipeline, and OB3 Gas Pipeline. RTI drives innovation through upstream solutions, process automation, and sustainability technologies including the patented TriFA tricycle conversion kit and RPA deployment.

Differentiator

Problem solved

Functional benefit

Brands

• NNPC Trading: Crude oil and petroleum products trading subsidiary handling over 440,000 barrels daily and trading LNG, NGL, and LPG
• NGML (NNPC Gas Marketing Limited)
• NGPIS (NNPC Gas and Power Investment Services)
• NNEL (NNPC New Energy Limited)
• RTI (Research Technology and Innovation)
• NNPC Foundation

Products and services

• NNPC E&P Limited (NEPL) - Upstream Crude Oil and Gas Production Upstream subsidiary responsible for petroleum exploration, appraisal, drilling, development, and production across the Niger Delta. Nigeria's largest oil producer at approximately 12% of total national output, operating 8 terminals, 43 flowstations, 17 gas plants, 2 trunklines, 3 NGL facilities, and 2 power plants with production exceeding 365,000 bpd.
• NNPC Trading Limited - International Crude and Petroleum Product Trading Global crude oil and petroleum products trading company handling daily trade volumes of over 440,000 barrels of Nigerian crude oil and over 41 million litres of petroleum products, plus LNG cargoes, NGLs, and LPG. Operates through subsidiaries in Nigeria, UK (London), Dubai (DMCC), and Panama. Holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
• NNPC Gas Marketing Limited (NGML) - Natural Gas Distribution Markets and distributes natural gas nationally through the largest gas pipeline network in Nigeria (516 km). Offers Piped Natural Gas (PNG), Compressed Natural Gas (CNG), and Liquefied Natural Gas (LNG) to commercial customers, power plants, cement factories, manufacturing companies, textile firms, captive power plants, and industrial users. Holds ISO 9001:2015 certification.
• NNPC Gas Infrastructure Company (NGIC) - Gas Pipeline Transmission Owns and operates over 1,990 km of gas pipeline network with intermediate and terminal gas stations. Responsible for constructing, operating, and maintaining gas transmission infrastructure nationally, operating under the Nigerian Gas Transportation Network Code framework. Serves power plants, Gas-Based Industries (GBIs), and industrial clusters.
• NNPC Gas & Power Investment Services (NGPIS) - Power Generation and LNG Investment Manages NNPC's power generation assets (Afam VI, Okpai I & II, Gwagwalada IPP, Maiduguri Emergency Power Plant), gas-based industries, and NLNG (49% equity) investments. Strategic direction targets 2.605 GW by 2028. Also manages 20% stakes in Brass Petrochemical and UTM FLNG.
• NNPC New Energy Limited (NNEL) - Renewable Energy Solutions Renewable energy arm developing solar farms, biofuel plants, green hydrogen facilities, and small hydroelectric projects. Provides emission reduction services including leak detection, GHG inventory, and energy efficiency projects across Nigeria and West Africa.
• Nigerian Pipelines & Storage Company (NPSC) - Crude and Product Pipeline Operations Operates and maintains approximately 5,120 km of pipelines traversing across Nigeria for crude supply to refineries and product evacuation from refineries to depots. Also manages LPG storage facilities, jetties for vessel loading/offloading, and product distribution infrastructure.
• NNPC Retail Limited - Fuel Retail Distribution Operates and licenses fuel retail stations across Nigeria selling petrol (PMS), diesel, aviation fuel, and CNG. Partners with Interswitch for digital payment solutions including the 'Pay-As-You-Want' Digital Forecourt Suite enabling card, transfer, USSD, QR code, and wallet payments.
• TriFA Conversion Kit - Tri-Fuel Conversion Technology Pioneering tri-fuel conversion system enabling tricycles (Keke) to operate on Petrol (PMS), Compressed Natural Gas (CNG), and Liquefied Petroleum Gas (LPG). Patented technology for BiFA (dual-fuel) and TriFA (tri-fuel) systems, supporting Nigeria's energy transition and sustainable transportation.
• OB3 Gas Pipeline (Obiafu-Obrikom-Oben) - Gas Transmission Infrastructure 130-kilometer gas pipeline crossing River Niger using Horizontal Directional Drilling technology. Transport capacity of 2 billion standard cubic feet of gas per day, unlocking over 500 MMscf/d incremental gas supply for Nigeria's target of 12 bcf/d by 2030.
• Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Major gas transmission pipeline designed to transport gas from Ajaokuta to Kano, supporting domestic gas utilization and industrial development across northern Nigeria. Reached 94% completion as of May 2026.
• UTM FLNG Project (Yoho) - Floating LNG Export Terminal Nigeria's first indigenous floating LNG project at Yoho deepwater field. FLNG facility will process 176 million cubic feet of gas per day. NNPC/Seplat JV supplies 200 MMscf/d of feed gas under 15-year agreement. NNPC holds 20% equity stake.
• NNPC Academy - Training and Consultancy Services Training and consultancy arm providing competency profiling, skill gap analysis, capacity development, and certification programmes for NNPC and energy industry professionals. Manages the InnoVerse innovation management platform for capturing and developing employee and public-submitted innovative ideas.
• NNPC Health Maintenance Organization (HMO) - Health Insurance Nationally accredited health insurer providing customizable health plans, NHIA Social Health Scheme, private health insurance, and overseas medical treatments. Holds ISO 9001, ISO 14001, and ISO 45001 certifications for its health insurance operations.
• NNPC Engineering & Technical Company (NETCO) - Engineering Services Indigenous engineering company providing Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) services for oil and gas assets. Headquartered at Feyide House, Lagos.
• NNPC Energy Services Limited (EnServ) - Energy Services Energy services company providing end-to-end services including seismic acquisition (3D/4D on land, swamp, and offshore), drilling services, reservoir management, production optimization, data storage, and environmental services. Operates data storage centre in Port Harcourt.

Quantifiable outcome

• Crude oil production increased to 1.71 million bpd — a five-year high — under GCEO Ojulari's first year, with NEPL posting a record 365,000 bpd.
• +12 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature9 records

Partnerships

17 partnerships are on record, tiered core and moderate.

• Morocco's Office National des Hydrocarbures et des Mines (ONHYM)coreStrategic or Co-development Partner · 20 July 2026Joint promotion of the African Atlantic Gas Pipeline (AAGP), a $25 billion, 6,900-km pipeline project to transport up to 30 bcm/year of Nigerian gas to 13 West African countries, Morocco, and Europe. ECOWAS heads of state signed the Intergovernmental Agreement (IGA) in Freetown, Sierra Leone on July 19, 2026. The Pipeline Higher Authority will be established in Abuja and the AAGP Project Company in Casablanca. First gas deliveries targeted for 2031.
• Tantita Security Services Nigeria LimitedcoreStrategic or Co-development Partner · 20 July 2026Tantita Security Services was appointed by President Bola Tinubu to protect Nigeria's oil assets in the Niger Delta. Tantita's pipeline surveillance operations have contributed to Nigeria achieving 1.53 million bpd in May 2026, exceeding the OPEC quota. Tantita has partnered with U.S.-based Textron Systems to deploy three Aerosonde Mk. 4.7 unmanned aircraft for enhanced surveillance. Joint committees of Nigeria's House of Representatives passed a vote of confidence in Tantita and urged the government to grant a long-term contract extension.
• ExxonMobil (Esso Exploration and Production Nigeria)coreStrategic or Co-development Partner · 9 July 2026ExxonMobil and partners committed $1 billion to the Usan Infill Project in OML 138 offshore Nigeria, expected to add 40,000 bpd of oil production. This marks ExxonMobil's first drilling operations in Nigeria since 2016. NNPC/NUPRC welcomed the investment as significant for Nigeria's production growth targets (2 million bpd by 2027, 3 million bpd by 2030).
• UTM Offshore LimitedcoreStrategic or Co-development Partner · 8 July 2026NNPC/Seplat JV signed a 15-year Wet Gas Sale and Purchase Agreement to supply 200 MMscf/d of feed gas to UTM FLNG, Nigeria's first indigenous floating LNG project. The project will process 176 MMscf/d of gas with LNG shipping targeted for 2030. Afreximbank is providing financing support. NNPC holds 20% equity in the UTM FLNG project.
• AGPC (Afren Production and Development Company)moderateStrategic or Co-development Partner · 8 July 2026AGPC signed a Network Entry Agreement with NNPC as part of the migration of legacy interconnection agreements to the Nigerian Gas Transportation Network Code. This injects additional natural gas volumes into the domestic transportation network alongside Chevron and NEPL.
• Chevron Nigeria LimitedcoreStrategic or Co-development Partner · 7 July 2026Signed a Network Entry Agreement (NEnA) with Chevron Nigeria as part of migration of legacy interconnection agreements to the new Nigerian Gas Transportation Network Code. This injects up to 800 MMscf/d of natural gas into the domestic transportation network under the Gas Sale Aggregation Agreement framework.
• Ajaokuta Steel Company Limited (ASCL)coreStrategic or Co-development Partner · 7 July 2026NNPC signed MoU with ASCL for gas supply to revitalise the Ajaokuta Steel Complex, anchoring the MoU on two pillars: revitalisation of Ajaokuta Steel and expansion of domestic gas utilisation. A 20-year Gas Sale Aggregation Agreement was executed to supply 3 MMscf/d firm and 47 MMscf/d interruptible volumes to ASCL's power plant. The partnership also aims to catalyse production of oil and gas pipes for the AAGP and Escravos-Lagos Pipeline System.
• Heirs EnergiesmoderateStrategic or Co-development Partner · 6 May 2026Heirs Energies, an indigenous energy company, secured a $750 million loan from Afreximbank, increased oil and gas production, and entered a joint venture with NNPC to commercialise gas flaring. The company deployed Starlink-powered connectivity for oilfield management and environmental sustainability.
• TotalEnergies EP Nigeria LimitedmoderateStrategic or Co-development Partner · 3 May 2026TotalEnergies and NNPC launched the 2026 VIA Safe Mobility for Young People programme targeting 600 students under 18 across 30 public secondary schools in FCT, Lagos, and Rivers states. The programme encourages road safety ambassadors through artworks, songs, poems, and drama. VIA has been implemented in 43 countries reaching more than 924,000 young people globally.
• Sanjiang Chemical Company Limited (China)coreStrategic or Co-development Partner · 30 April 2026NNPC signed MoU with Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co., Ltd. in Jiaxing City, China on April 30, 2026 for a potential Technical Equity Partnership covering Port Harcourt and Warri refineries. The framework follows an NLNG-style model where Chinese investors may acquire ~51% equity to rehabilitate, complete, and expand the facilities with petrochemical integration. The MoU is non-binding and subject to due diligence.
• Xinganchen (Fuzhou) Industrial Park Operation and Management Co., Ltd. (China)coreStrategic or Co-development Partner · 30 April 2026Joint Technical Equity Partnership MoU with NNPC for Port Harcourt and Warri refineries alongside Sanjiang Chemical. Potential NLNG-style arrangement with ~51% Chinese equity stake for rehabilitation, completion, and expansion. Both partners lack verified track records in large-scale crude refinery rehabilitation.
• Sonatrach (Algeria)moderateStrategic or Co-development Partner · 22 April 2026NNPC signed MoU with Algeria's national oil company Sonatrach through NNPC's Research, Technology and Innovation Division in partnership with PTDF. The agreement establishes a formal framework for joint research, technology exchange, and innovation in the oil and gas sector, signed at the 3rd APPO Forum for R&D Directors in Abuja.
• Petroleum Technology Development Fund (PTDF)moderateStrategic or Co-development Partner · 22 April 2026PTDF partnered with NNPC and Sonatrach for joint research and technology exchange. PTDF also conducted a five-year study identifying oil and natural gas potential in Plateau State, recommending partnership with NNPC for seismic surveys to determine commercial viability.
• National Information Technology Development Agency (NITDA)moderateStrategic or Co-development Partner · 17 April 2026NITDA and NNPC partnered to accelerate digital transformation in Nigeria's energy sector. NITDA committed to connecting NNPC with Nigeria's startup ecosystem through incubation programmes and innovation challenges, leveraging AI, IoT, and robotics to shift NNPC from traditional oil and gas dependence to innovation-driven models.
• Honeywell (for Dangote Refinery Capacity Expansion)moderateTechnology or Integration · 1 April 2026Dangote Industries plans to double refining capacity to 1.4 million bpd by 2028 in partnership with Honeywell. While not a direct NNPC entity, this partnership affects NNPC's downstream competitive landscape and crude supply arrangements.
• Seplat EnergycoreStrategic or Co-development Partner · 30 April 2025NNPC/Seplat Energy Producing Nigeria Unlimited JV signed a 15-year Wet Gas Sale and Purchase Agreement for 200 MMscf/d to UTM FLNG. Seplat is also a partner in the NNPC E&P joint venture producing approximately 12% of Nigeria's oil output. Seplat has expanded its stake in NNPC's upstream joint venture assets.
• TotalEnergiescoreTechnology or Integration · 1 June 2023NNPC renewed its agreement with TotalEnergies to extend deployment of the Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) drone technology for detecting, measuring, and reducing methane and carbon emissions across upstream operations for another 24 months. TotalEnergies was the first oil producing company in Nigeria to end gas flaring in all its assets. The technology helps NNPC achieve near-zero methane emissions by 2030.

Scale indicators32 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Saudi Aramco: Saudi Arabia's integrated national oil company with similar full value-chain integration (upstream E&P, midstream pipelines, downstream refining/petrochemicals, LNG). Closest comparable by mandate, scale, and business model.
• Petrobras: Brazil's integrated national oil company with significant pipeline, E&P, refining and gas operations — a closely aligned peer by integrated NOC model, infrastructure footprint and downstream footprint challenges.
• Petronas: Malaysia's integrated national oil and gas company with extensive LNG, upstream and downstream operations — comparable integrated NOC with similar diversification into renewables and gas monetization.
• Sonatrach: Algeria's national oil company — NNPC signed an MoU with Sonatrach in 2026 for joint research and technology exchange, making it a directly comparable African integrated NOC peer with similar upstream + gas + LNG priorities.
• Sonangol: Angola's national oil company focused on crude E&P and trading — Sub-Saharan African NOC peer with comparable upstream concentration and government ownership structure.
• Pemex: Mexico's state-owned integrated NOC with significant refining footprint and historical operational challenges — comparable peer in integrated NOC scope and refining complexity.
• Ecopetrol: Colombia's integrated national oil company with E&P, midstream pipelines and refining — comparable integrated NOC of similar scale with pipeline-heavy midstream operations.
• ONHYM: Morocco's national hydrocarbons and mines office — jointly leads the $25B, 6,900 km African Atlantic Gas Pipeline (AAGP) with NNPC; a direct strategic peer in the largest NNPC cross-border infrastructure project.
• Egyptian General Petroleum Corporation (EGPC): Egypt's national oil company with upstream production, gas processing and LNG operations — comparable African NOC peer with similar gas-to-LNG infrastructure focus.

Broad incumbents

• NLNG (Nigeria LNG Limited): Nigeria LNG Limited (49% owned by NNPC) is Africa's largest LNG facility at 22 MTPA, expanding to 30 MTPA with Train 7 — a NNPC portfolio company and closest single-asset comparable for the LNG franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nnpcgroup
• Facebookfacebook.com/NNPCgroup

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries29 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nigerian National Petroleum Corporation